37LOW

CCE

CARNEGIE FPO [CCE]
Carnegie Clean Energy Limited engages in the development of the CETO Wave Energy Technology, a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity internationally. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016. Carnegie Clean Energy Limited was incorporated in 1987 and is headquartered in North Fremantle, Australia.
Utilities · ASX Small Cap
$0.0640 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical51
Catalyst50
Sentiment50
Fundamental77
Momentum60
Risk Gate50
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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Drifting lower — down 3.0% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.25, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Cash positive / operating cashflow positive
  • 4C filed 2026-01-29
  • Very high P/S ratio (62.6x)
  • Strong revenue growth (+72%)
  • Near 52-week low (20% of range)
  • Small-cap ($20-100M)
  • Sentiment is mixed — no strong consensus either way
  • Revenue growing at +72% — the top line is moving in the right direction
  • The bigger volume days are the up days — volume-weighted momentum is positive (2.34%/day)
  • Beneish M-Score 4.11 > -1.78: likely earnings manipulation
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Australian R&D Tax Rebate
NONE Half Yearly Report and Accounts
LOW Quarterly Activities/Appendix 4C Cash Flow Report

Recent ASX Announcements

2026-03-09 Australian R&D Tax Rebate PRICE SENSITIVE
2026-02-25 Half Yearly Report and Accounts PRICE SENSITIVE
2026-01-29 Quarterly Activities/Appendix 4C Cash Flow Report PRICE SENSITIVE

Key Metrics

$26.1M
Market Cap
211K
Avg Volume
1.2x
Vol Ratio
$0.03 — $0.19
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-13.2%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 81%
LLeader vs LaggardpassRS: 3
IInstitutional SponsorshipweakInst: 1%
MMarket DirectionneutralNeutral

Sector: Utilities

Ranked #12 of 14 · Sector avg: 46

View all Utilities signals →
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EWC 55EQU 52FHE 52CNQ 52VPR 49
Compare:CCE vs EWCCCE vs EQUCCE vs FHE
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